Wikipedia:WikiProject Trains/ICC valuations/Southern Pacific Railroad
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- SOUTHERN PACIFIC RAILROAD COMPANY—AND SOUTHERN PACIFIC RAILROAD COMPANY (OF 1898)—PREDECESSOR OF THE SOUTHERN PACIFIC RAILROAD
- INTRODUCTORY
The Southern Pacific Railroad is a corporation of California, Arizona, and New Mexico, having its principal office at San Francisco, Calif. From December 2, 1865, the date of original incorporation, to date of valuation, there were seven California corporations bearing the identical name, Southern Pacific Railroad Company, the first six of which each joined with other corporations through consolidation agreements to form the next in line, culminating in the Southern Pacific Railroad Company, as constituted at date of valuation.
The accounting records obtained commence with the formation of the second Southern Pacific Railroad Company on October 12, 1870, and continue without closing of books and opening of new accounts for the successor, until the formation of the sixth Southern Pacific Railroad Company on April 14, 1898.
It is not possible, owing to the incompleteness of the records, to make any separation in the accounts as of March 10, 1902, and this report has, therefore, been made as for a company owning the property continuously from April 14, 1898, to date of valuation.
The five corporations in possession for the period ending April 14, 1898, are included in the reports on the predecessor companies. Owing to partial destruction of the records in the San Francisco fire of April 18, 1906, complete information cannot be given from the accounting records regarding its financial dealings, corporate operations, or investments.
The Southern Pacific Railroad is controlled by the Southern Pacific Company through stock ownership. On the other hand, the Southern Pacific Railroad controls, through ownership of its entire outstanding capital stock, the New Mexico and Arizona Railroad Company whose common-carrier property is operated by the Southern Pacific Company.
The property of the Southern Pacific Railroad, with the exception of certain sections as noted below, has always been operated under lease by the Southern Pacific Company. The exceptions include the line from Mojave to Needles, Calif., which was leased to and operated by the Santa Fe Pacific Railroad Company or The Atchison, Topeka and Santa Fe Railway Company until December 27, 1911, when it was sold to The California, Arizona and Santa Fe Railway Company; the Santa Monica and Soldiers' Home branches in Los Angeles and vicinity, which are leased to the Pacific Electric Railway Company, and the branch line from Guadalupe to near Betteravia, Calif., which is leased to the Santa Maria Valley Railroad Company.
- CORPORATE HISTORY
The Southern Pacific Railroad Company was originally incorporated December 2, 1865, under the general laws of California. From that date to date of valuation, there were seven California corporations bearing the identical name, Southern Pacific Railroad Company, the first six of which each joined with other corporations through consolidation agreements to form the next in line, culminating in the Southern Pacific Railroad Company as constituted at date of valuation. As hereinbefore explained, the only accounting records obtained commence with the formation of the second Southern Pacific Railroad Company on October 12, 1870, and continue without closing of books and opening of new accounts for the successor, until the formation of the sixth Southern Pacific Railroad Company on April 14, 1898. Owing to the incompleteness of the records, it is not possible to make a separation in the accounts as of March 10, 1902, the date of the formation of the present, or seventh, corporation. Therefore, the four companies in possession from October 12, 1870, to April 14, 1898, are herein reported upon as one continuous corporation, and the two companies in possession from April 14, 1898, to date of valuation, are herein reported upon as one continuous company.
The present Southern Pacific Railroad, itself, and those corporations, together with their predecessors, total 72 different corporations and comprise the line of corporate succession culminating in the Southern Pacific Railroad as at present constituted.
The names of the corporations, the respective dates of incorporation, and for each predecessor the date and manner of succession follow.
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Southern Pacific Railroad Company. | Under general laws of California and the then Territories of Arizona and New Mexico through articles of incorporation and consolidation; dated February 26, 1902; filed in California March 8, 1902; in Arizona and New Mexico, March 10, 1902. | |
| 2. | Southern Pacific Railroad Company (of 1898). | General laws of California through articles of consolidation; dated April 12, 1898; filed April 14, 1898. | Consolidated and merged March 10, 1902, with 70 and 71 to form 1. |
| 3. | Southern Pacific Railroad Company (of 1888). | General laws of California through articles of consolidation; dated May 4, 1888; filed May 14, 1888. | Consolidated April 14, 1898, with 39, 55, and 58 to form 2. |
| 4. | Southern Pacific Railroad Company (of 1874). | General laws of California through articles of consolidation; dated December 17, 1874; filed December 18, 1874. | Consolidated May 14, 1888, with 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 5. | The Los Angeles and San Pedro Railroad Company. | General laws of California, February 18, 1868. | Consolidated December 18, 1874, with 6 to form 4. |
| 6. | Southern Pacific Railroad Company (of 1873). | General laws of California through articles of consolidation; dated August 12, 1873; filed August 19, 1873. | Consolidated December 18, 1874, with 5 to form 4. |
| 7. | Southern Pacific Railroad Company (of 1870). | General laws of California through articles of consolidation; dated October 11, 1870; filed October 12, 1870. | Consolidated August 19, 1873, with 12 to form 6. |
| 8. | The San Francisco and San Jose Rail Road Company. | General laws of California, August 18, 1860. | Consolidated October 12, 1870, with 9, 10, and 11 to form 7. |
| 9. | Southern Pacific Railroad Company (of 1865). | General laws of California, December 2, 1865. | Consolidated October 12, 1870, with 8, 10, and 11 to form 7. |
| 10. | Santa Clara and Pajaro Valley Rail Road Company. | General laws of California, January 2, 1868. | Consolidated October 12, 1870, with 8, 9, and 11 to form 7. |
| 11. | California Southern Railroad Company. | General laws of California, January 22, 1870. | Consolidated October 12, 1870, with 8, 9, and 10 to form 7. |
| 12. | Southern Pacific Branch Railroad Company. | General laws of California, December 23, 1872. | Consolidated August 19, 1873, with 7 to form 6. |
| 13. | Southern Pacific Branch Railway Company. | General laws of California, April 12, 1886. | Consolidated May 14, 1888, with 4, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 14. | Ramona and San Bernardino Railroad Company. | General laws of California, April 25, 1888. | Consolidated May 14, 1888, with 4, 13, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 15. | San Pablo and Tulare Rail Road Company. | General laws of California, July 19, 1871. | Consolidated May 14, 1888, with 4, 13, 14, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 16. | Pajaro and Santa Cruz Railroad Company (of June 1884). | General laws of California through articles of consolidation; dated May 20, 1884; filed June 3, 1884. | Consolidated May 14, 1888, with 4, 13, 14, 15, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 17. | Pajaro and Santa Cruz Railroad Company (of March 1884). | General laws of California, March 8, 1884. | Consolidated June 3, 1884, with 19 to form 16. |
| 18. | Santa Cruz Railroad Company. | General laws of California, June 18, 1873. | Sold at foreclosure October 1, 1881, to the Pacific Improvement Company which conveyed the property to 17, April 11, 1884. |
| 19. | Loma Prieta Railroad Company. | General laws of California, July 10, 1882. | Consolidated June 3, 1884, with 17 to form 16. |
| 20. | San Pablo and Tulare Extension Railroad Company. | General laws of California, February 7, 1887. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 21. | Long Beach, Whittier and Los Angeles County Railroad Company. | General laws of California, December 17, 1887. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 22, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 22. | Stockton and Tulare Railroad Company. | General laws of California, December 2, 1887. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 23, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 23. | San Ramon Valley Railroad Company. | General laws of California, April 25, 1888. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 24, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 24. | San Jose and Almaden Railroad Company. | General laws of California, March 2, 1886. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 25, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 25. | San Joaquin Valley and Yosemite Railroad Company. | General laws of California, February 15, 1886. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 26, 27, 28, 31, 32, 33, and 34 to form 3. |
| 26. | The Los Angeles and Independence Rail Road Company. | General laws of California, January 8, 1875. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 27, 28, 31, 32, 33, and 34 to form 3. |
| 27. | The Los Angeles and San Diego Railroad Company. | General laws of California, October 10, 1876. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 28, 31, 32, 33, and 34 to form 3. |
| 28. | Stockton and Copperopolis Railroad Company. | General laws of California, through articles of consolidation; filed November 17, 1877. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 31, 32, 33, and 34 to form 3. |
| 29. | The Stockton and Visalia Rail Road Company. | General laws of California, December 16, 1869. | Consolidated November 17, 1877, with 30 to form 28. |
| 30. | Stockton and Copperopolis Rail Road Company. | General laws of California, October 11, 1865. | Consolidated November 17, 1877, with 29 to form 28. |
| 31. | Long Beach Railroad Company. | General laws of California, October 31, 1887. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 32, 33, and 34 to form 3. |
| 32. | Monterey Extension Railroad Company. | General laws of California, January 6, 1888. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 33, and 34 to form 3. |
| 33. | Southern Pacific Railroad Extension Company. | General laws of California February 21, 1888. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, and 34 to form 3. |
| 34. | Monterey Railroad Company. | General laws of California January 24, 1880. | Consolidated May 14, 1888, with 4, 13, 14, 15, 16, 20, 21, 22, 23, 24, 25, 26, 27, 28, 31, 32, and 33 to form 3. |
| 35. | Monterey and Salinas Valley Rail Road Company. | General laws of California, March 5, 1874. | Sold at foreclosure December 22, 1879, to Pacific Improvement Company, which conveyed the property to 34, March 4, 1880. |
| 36. | San Joaquin Valley Railroad Company. | General laws of California, March 4, 1891. | Sold at sheriff's sale June 13, 1893, to Pacific Improvement Company, which conveyed the property to 3, December 19, 1893. |
| 37. | San Gabriel Valley Rapid Transit Railway. | General laws of California, July 29, 1887. | Sold at judicial sale February 15, 1894. Deed from sheriff to 3, dated October 2, 1894. |
| 38. | Southern California Motor Road Company. | General laws of California, October 31, 1887. | Sold at foreclosure August 10, 1895, to Pacific Improvement Company which conveyed the property to 3, March 5, 1898. |
| 39. | Northern Railway Company (of 1888). | General laws of California through articles of consolidation; dated May 4, 1888; filed May 15, 1888. | Consolidated April 14, 1898, with 3, 55, and 58 to form 2. |
| 40. | Sacramento and Placerville Railroad Company. | General laws of California through articles of consolidation; dated April 13, 1877; filed April 19, 1877. | Consolidated May 15, 1888, with 44, 45, 46, 47, 48, 50, 51, 52, 53, and 54 to form 39. |
| 41. | The Folsom and Placerville Railroad Company. | General laws of California, September 29, 1876. | Consolidated April 19, 1877, with 42 to form 40. |
| 42. | Sacramento Valley Rail Road Company. | General laws of California, August 16, 1852. | Consolidated April 19, 1877, with 41 to form 40. |
| 43. | The Placerville and Sacramento Valley Railroad Company. | General laws of California, June 12, 1862. | Sold at foreclosure July 2, 1869, to William Alvord who conveyed the property to C. P. Huntington, Leland Stanford, and Mark Hopkins on July 20, 1871; they conveyed the property to 40 on May 28, 1877. |
| 44. | Shingle Springs and Placerville Railroad Company. | General laws of California, May 10, 1887. | Consolidated May 15, 1888, with 40, 45, 46, 47, 48, 50, 51, 52, 53, and 54 to form 39. |
| 45. | West Side and Mendocino Railroad Company. | General laws of California, September 6, 1886. | Consolidated May 15, 1888, with 40, 44, 46, 47, 48, 50, 51, 52, 53, and 54 to form 39. |
| 46. | Northern Railway Company (of 1871). | General laws of California, July 19, 1871. | Consolidated May 15, 1888, with 40, 44, 45, 47, 48, 50, 51, 52, 53, and 54 to form 39. |
| 47. | San Joaquin and Sierra Nevada Rail Road Company. | General laws of California, March 28, 1882. | Consolidated May 15, 1888, with 40, 44, 45, 46, 48, 50, 51, 52, 53, and 54 to form 39. |
| 48. | The Vaca Valley and Clear Lake Railroad Company. | General laws of California, February 19, 1877. | Consolidated May 15, 1888, with 40, 44, 45, 46, 47, 50, 51, 52, 53, and 54 to form 39. |
| 49. | The Vaca Valley Rail Road Company. | General laws of California, April 12, 1869. | Sold under execution February 12, 1870, to G. B. Stevenson, who conveyed the property to 48, February 19, 1877. |
| 50. | Amador Branch Railroad Company. | General laws of California, July 3, 1875. | Consolidated May 15, 1888, with 40, 44, 45, 46, 47, 48, 51, 52, 53, and 54 to form 39. |
| 51. | Santa Rosa and Carquinez Railroad Company. | General laws of California, March 26, 1887. | Consolidated May 15, 1888, with 40, 44, 45, 46, 47, 48, 50, 52, 53, and 54 to form 39. |
| 52. | The Berkeley Branch Railroad Company. | General laws of California, September 25, 1876. | Consolidated May 15, 1888, with 40, 44, 45, 46, 47, 48, 50, 51, 53, and 54 to form 39. |
| 53. | Winters and Ukiah Railway Company. | General laws of California, August 11, 1887. | Consolidated May 15, 1888, with 40, 44, 45, 46, 47, 48, 50, 51, 52, and 54 to form 39. |
| 54. | Woodland, Capay and Clear Lake Railroad Company. | General laws of California, July 8, 1887. | Consolidated May 15, 1888, with 40, 44, 45, 46, 47, 48, 50, 51, 52, and 53 to form 39. |
| 55. | Northern California Railway Company. | General laws of California, September 3, 1888. | Consolidated April 14, 1898, with 3, 39, and 58 to form 2. |
| 56. | Northern California Railroad Company. | General laws of California, September 6, 1884. | Sold to 53, February 1, 1889. |
| 57. | California Northern Rail Road Company. | General laws of California, June 29, 1860. | Sold at foreclosure January 22, 1881, to Norman D. Rideout and Nicholas Luning who conveyed the property to 56, January 8, 1885. |
| 58. | California Pacific Railroad Company. | General laws of California through articles of consolidation; dated December 23, 1869; filed December 29, 1869. | Consolidated April 14, 1898, with 3, 39, and 55 to form 2. |
| 59. | California Pacific Rail Road Company. | General laws of California through articles of consolidation; dated January 3, 1865; filed January 10, 1865. | Consolidated December 29, 1869, with 62 to form 58. |
| 60. | The Sacramento and San Francisco Rail Road Company. | General laws of California, December 5, 1864. | Consolidated January 10, 1865, with 61 to form 59. |
| 61. | The San Francisco and Marysville Rail Road Company. | General laws of California, November 9, 1857. | Consolidated January 10, 1865, with 60 to form 59. |
| 62. | California Pacific Railroad Extension Company. | General laws of California, April 14, 1869. | Consolidated December 29, 1869, with 59 to form 58. |
| 63. | Napa Valley Rail Road Company. | General laws of California, March 26, 1864. | Sold at foreclosure May 27, 1869, to William F. Roelofson and James M. Ryder who conveyed the property to 62, June 9, 1869. |
| 64. | Visalia Rail Road Company. | General laws of California, May 21, 1874. | Sold to 2, deeds dated April 1 and 4, 1899. |
| 65. | Ventura & Ojai Valley Rail Road Company. | General laws of California, September 25, 1896. | Sold to 2, June 27, 1899. |
| 66. | Santa Ana and Newport Railway Company. | General laws of California, November 7, 1892. | Sold to 2, November 23, 1899. |
| 67. | Newport Wharf and Lumber Company. | General laws of California, June 5, 1889. | Sold to 66, February 11, 1893. |
| 68. | Santa Ana Rail Road. | General laws of California, April 23, 1889. | Sold to 67, November 19, 1892. |
| 69. | Santa Ana and Westminster Railway Company. | General laws of California, August 5, 1890. | Sold to 66, March 28, 1899. |
| 70. | Southern Pacific Railroad Company of New Mexico. | General laws of the Territory of New Mexico, April 14, 1879. | Consolidated and merged 10, 1902, with 2 and 71 to form 1. |
| 71. | The Southern Pacific Railroad Company (of Arizona). | General laws of the Territory of Arizona, September 20, 1878. | Consolidated and merged March 10, 1902, with 2 and 70 to form 1. |
| 72. | San Francisco and Napa Railway Company. | General laws of California, November 27, 1903. | Sold to 1, August 12, 1911. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The recorded mileage owned by the Southern Pacific Railroad amounts to 3,108.23 miles,